Yahoo! for the quarter ending in September of 2013 reported revenue of $1.08 billion on 34 cents earnings per share. The revenues are a 1% decrease from the same quarter a year ago.
Analysts were projecting revenue at $1.08 billion with earnings at 33 cents.
Yahoo! traffic now exceeds 800 million monthly users however, Yahoo! reported a drop in display ads of 7% to $470 million and a drop in search ads of 8% to $435 million in that period.
New Yahoo! CEO Marissa Mayer, stated "In Q3, we launched new user experiences across many of our digital daily habits — Yahoo Screen, My Yahoo, Fantasy Sports, and more"
During the quarter, Yahoo! listed eight companies including Fantasy Sports App maker Bignoggins in its acquisitions. The others were Qwiki, Xobni, Admovate, Ztelic, Lexity, Rockmelt and IQ Engines.
FTSB says: During this time of year, the growing fantasy football industry does make an impact to the bottom line of companies. Recenly, comScore reported an increase in web traffic due to the start of the fantasy football season. For a company, such as Yahoo!, increased traffic translates to increased revenue.
Yahoo! did not disclose separate numbers for its fantasy sports business however it is seeing increased pressure from traditional game providers such as ESPN and NFL.com. In addition, daily fantasy sports are also competing with Yahoo! for fantasy owners time and money.
